665 W Wilmot St - Manufactured Housing/Mobile Housing FOR SALE


Chillicothe, IL 61523
$110,000 USD
309-363-2929
665 W Wilmot St, Chillicothe, IL for Sale
$110,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/16
null | Request Cap Rate

665 W Wilmot St
Chillicothe, IL 61523


HIGHLIGHTS

  • Three (3) Leased Lots & One (1) Single-Family Rental
  • $1,725 Gross Monthly Rent
  • 0.57 Acre Lot | Zoned C-2

OVERVIEW

Unique investment opportunity to add to your portfolio! Commercial lot with current cash flow and future upside. This C-2 zoned property on over half an acre includes an updated single-family rental home plus additional income from existing mobile home lot rentals. While no additional mobile homes may be added, the property offers strong potential as along-term commercial investment with interim income already in place. Ideal opportunity for an investor looking to offset holding costs while planning for future redevelopment, commercial use, or repositioning. All tenants have their own Ameren meters and water lines have a submeter system installed for easy billback of water and sewer usage. Single Family home is a 2 bed, 1 bath with recent updates: roof, flooring, tile shower, drain line, water lines, furnace, water heater and a light kitchen remodel within the last 3 years. House rents for $975 and the 3 lots rent for $250 each.

FOR SALE DETAILS

PRICE

$110,000 USD

PRICE/SF

$28 USD /SF

# OF UNITS

4

PRICE/UNIT

$27,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-2

APN/PARCEL ID

05-20-206-019

ASK ABOUT THIS PROPERTY

Jessica BallRE/MAX Traders Unlimited CommercialMore Info
309-363-2929

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Jessica BallRE/MAX Traders Unlimited CommercialMore Info
309-363-2929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.